Investors brace for choppiness ahead of US election, Scottish independence, weak US dollar
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 2 September 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
Traders ratchet up bets on a particularly turbulent US presidential election and a potentially messy aftermath, Nicola Sturgeon revives plans for a possible second Scottish independence referendum, and black former McDonald’s franchisees are suing the fast-food group over discrimination allegations. Plus, the FT’s economics editor, Chris Giles, explains how a weak US dollar is affecting the global economy.
Investors gird for choppy markets as race for White House heats up
ft.com/content/9ed5be3b-ecfb-4485-a8ff-4b80ee40de5b
Nicola Sturgeon revives plans for second Scottish independence vote
https://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43f
McDonald’s accused of discriminating against black franchisees
https://www.ft.com/content/86b89841-4428-4031-9b6d-6341bf6f7cad
Global economy unlikely to benefit from falling dollar
https://www.ft.com/content/83c16626-f617-4bb3-872e-fd6723a36c11
Google and Apple build contact tracing app https://www.ft.com/content/0ed38c49-fafe-4e7b-bd57-44c705ba52f7
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.9 | Today is Wednesday, September 2nd. |
| 0:04.3 | And this is your FT news briefing. |
| 0:09.0 | Investors are betting that the US presidential election will be a messy one. |
| 0:13.7 | Scotland is planning a vote of its own, a second referendum to leave the UK, and dozens of |
| 0:19.5 | black former McDonald's franchisees are suing the fast food group. |
| 0:24.2 | Plus, the US dollar is weak, and it's having a major ripple effect on other currencies. |
| 0:29.5 | Take a look at why the global economy is unlikely to benefit from the dollar's fall. |
| 0:34.3 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:41.2 | As we've been noting on this show, global equities have generally been headed in one direction, up. |
| 0:47.0 | But investors see a major source of volatility headed their way, the U.S. presidential election. |
| 0:53.7 | The VIX index measures market volatility |
| 0:56.0 | based on the S&P 500, and futures contracts in the VIX |
| 0:59.6 | show that some traders are expecting big market swings in late October early November. |
| 1:05.0 | The presidential election is Tuesday, November 3rd. |
| 1:08.4 | In case you're wondering, the Vicks futures premiums around this election are way higher than they were in any of the last few presidential |
| 1:15.1 | votes. |
| 1:16.1 | And one portfolio manager expects that volatility to last after the election. |
| 1:21.2 | Donald Trump said he has to see what happens when he was asked if he'll accept the results of the election. |
| 1:26.0 | Meanwhile, Mr. Trump was in Kenosha, Wisconsin yesterday. |
| 1:30.0 | The city has had protests since the police shooting last month of a black man, |
| 1:33.8 | Jacob Blake. Here's Mr. Trump at a round table on community safety on Tuesday. |
... |
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